DSIJ Mindshare

Intraday Spotlight: This penny stock hits 20 per cent upper circuit; heres why!

Divestment in the company’s associates drives the stock price

Vishwajeet Bhandigare 0 685 Article rating: 2.8

Bharat Road Network Ltd (BRNL), a small-cap company engaged in building roads, and other civil constructions, has hit the upper circuit of 20 per cent today from its previous close of Rs 26.80, as the company has announced divestment in one of its ‘Associate’ company- Shree Jagannath Expressways Pvt Ltd (SJEPL). The company will be selling its entire stake of 40 per cent in this transaction for a sum of Rs 94.11 crore.  

Rs 43 to Rs 665: This bead wire company soared over 1440 per cent in two years!

An investment of Rs 1 lakh in the shares of this company would have turned to Rs 15.4 lakh today.

Shruti Dahiwal 0 3272 Article rating: 3.8

An Indian company that manufactures bead wire and high carbon steel carbon wires, has delivered exceptional returns of 1440 per cent to its investors in the last 2 years.  

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